By: Vivek Raghuvanshi
NEW DELHI — India and South Korea inked a memorandum of understanding on Friday in India to cooperate in shipbuilding for military use.
The memorandum was signed by both India's secretary of defence production, Ashok Kumar Gupta, and South Korean Minister of Defense Acquisition Program Administration Chang Myoung-jin in India "for Defence Industry Co-operation in Shipbuilding," according to an Indian Ministry of Defence news release.
India has chosen state-owned Hindustan Shipyard Limited, or HSL, to cooperate with a shipyard nominated by South Korea.
"The Inter-Governmental MoU, was conceived under the overall umbrella of the 'Special Strategic Partnership' between both sides as declared in the Joint Statement of the Prime Minister of India and the President of [South Korea] in May 2015," the MoD release said.
An MoD official explained that the cooperation is part of the Make in India policy, under which warships will be built at domestic shipyards with South Korea's help.
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